NN, Inc. to Close Facility in Fairfield, Ohio

About this update from Nn, Inc.

[{"type":"text","content":"CHARLOTTE, N.C., Aug. 15, 2019 /PRNewswire/ -- NN, Inc., (NASDAQ: NNBR) a diversified industrial company, today announced its Power Solutions group will close its facility in Fairfield, Ohio by the end of 2019. \nThe move aligns with the Company's strategic focus on operating excellence and efficiency as part of the NN Operating System. \nRichard Holder, President and CEO, commented, \"Our Fairfield associates have performed admirably, and we greatly appreciate their efforts. We are committed to working closely with the associates impacted and to making NN a more agile and efficient company as we focus on executing on our strategic plan.\" \nNN Power Solutions, a business group of NN, designs and manufactures a broad range of high precision metal and plastic components, assemblies, and finished products. With a focus on technical innovation, NN Power Solutions applies its world-class quality to the Power Distribution, Power Transmission, Energy Automation and Smart Grid, Sensors, Circuit Protection, Backup Power, Military and Aerospace, Automotive and Factory Automation markets.\nNN, Inc., a diversified industrial company combines advanced engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision components and assemblies for a variety of markets on a global basis. Headquartered in Charlotte, North Carolina, NN has 51 facilities in North America, Europe, South America and China.\nExcept for specific historical information, many of the matters discussed in this press release may express or imply projections of revenues or expenditures, statements of plans and objectives or future operations or statements of future economic performance. These, and similar statements, are forward-looking statements concerning matters that involve risks, uncertainties and other factors which may cause the actual performance of NN, Inc. and its subsidiaries to differ materially from those expressed or implied by this discussion. All forward-looking information is provided by the Company pursuant to the safe harbor established under the Private Securities Litigation Reform Act of 1995 and should be evaluated in the context of these factors. Forward-looking statements generally can be identified by the use of forward-looking terminology such as \"assumptions\", \"target\", \"guidance\", \...

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